which of the following statements are wrong?

		Once we have the efficient frontier with risk free asset, then investment professionals' job is very easy. It becomes a wealth management job. You only need to tell your clients to choose between two funds: market money fund that represents risk free asset and a mutual fund that represents the market portfolio. This is so called two fund separation.
		Market portfolio is the portfolio with the highest sharpe ratio among all possibile choices from the risky assets in the stock market
		None of the above choices
		Market portfolio is the tangency portfolio because everybody should hold the tangency portfolio according to the CAPM. If everyone holds the tangency portfolio, then effectively the tangency portfolio is the market portfolio.